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Question 1: Canadian Beer reported equipment sold for $248 million cash and new equipment purchased $1,528 million cash. The equipment sold had a net book value of $176 million. Cash flow from investing activities would show:
Multiple
Option 1: A net outflow of $1,352 million.
Option 2: An inflow of $248 million and outflow of $176 million.
Option 3: An inflow of $248 million and outflow of $1,528 million.
Option 4: Cash paid for equipment of $1,280 million.
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